Saudi Arabia is set to expand into the global battery sector in 2025, reflecting the Kingdom’s commitment to advanced energy storage, according to a statement by Energy Minister Prince Abdulaziz bin Salman at the 9th Future Investment Initiative in Riyadh. During a session focused on enhancing economic competitiveness in the energy sector, the minister underscored Saudi Arabia’s already efficient, competitive and reliable energy ecosystem. He noted that the evolving global economy will require substantial energy supplies to support growth and innovation.
Prince Abdulaziz described the Future Investment Initiative as a growing international forum where stakeholders collaborate on shaping the future. He said that entering the international battery market will position Saudi Arabia as a significant new competitor. The minister also highlighted the importance of energy sustainability as a cornerstone of the emerging economy, driving progress across both industrial and service sectors. He emphasized that strategic planning must address demand projections through 2030 and beyond.
In addition to outlining the battery initiative, the minister provided updates on the Kingdom’s broader energy infrastructure efforts. He reported that automation covers 40 percent of the national power grid, with further expansion planned to enhance operational efficiency. Saudi Arabia is also targeting an increase in energy storage capacity to reach 28 percent, a move designed to improve grid resilience and accommodate growing renewable power contributions.
Throughout his remarks, Prince Abdulaziz reiterated Saudi Arabia’s commitment to meeting global energy needs while maintaining its role as a reliable supplier. The planned entry into the battery market aligns with the Kingdom’s broader strategy to diversify its energy offerings, support sustainable development and position itself at the forefront of emerging energy storage technologies.
Source: utilities-me.com news
